J. Paul Meyer of Tradeview Markets Cayman in partnership with Inspire Cayman Training facilitated a seminar on Investment Fundamentals for a youth retreat program for students of the Cayman Islands aged 12-18. Students learned the basics of the stock and financial markets. They were taught how to place buy and sell orders for stocks including but not limited to, Telsa, Apple, Ford Motor Company through a trading platform that can be used on their computers and mobile devices. Other seminars throughout the retreat included:
1. Employability Skills
2. Career Development
3. Personal Finances & Investing
4. Healthy Relationships
5. Health & Wellness
6. Drug and Alcohol Awareness
7. Planning for the Future
The program was offered at Inspire Cayman Training’s Grand Harbour location and was meant to provide critical life skills to the attendees. By providing a holistic approach to youth training the Retreat delivered a group of inter-related sessions that should benefit those in attendance as they complete their education and move into working careers later in life.
The seminar conducted by J. Paul Meyer encouraged critical thinking when analyzing companies and questions from student arose such as, can shares in products like Hot Wheels and Marvel be purchased. Explanations were given by Mr. Meyer detailing that companies like Marvel and Hot Wheels are subsidiaries of larger parent companies that are publicly traded on the stock Market. Disney (DIS) in the case of Marvel and Mattel Inc (MAT) for Hot Wheels.
The purpose of the seminar was to teach students that their money can work for them by investing discretionary income. Topics discussed included what a stock and share is, various financial exchanges and markets including US, Canada, Europe and others along with defining and explaining bonds and alternative investments.
Financial investing is an important asset to have in a portfolio however with reward comes risk. Students were shown that prices fluctuate, and the market does not always move in their favor The difference of going long and going short and the explanation of bid and ask prices provided with real market examples gave students an understanding of how the stock market can be risky and what methods can be used to manage their risk such as, diversification, reinvesting dividends and using index benchmarks. The imperativeness of long-term value investing, and dividend payments was emphasized in the presentation. The objective was to give students a sense of being able to invest for the future and watch their money grow by investing in quality companies.
Meyer states that “Throughout the past year the international middle class decreased by 150 million people. Within the next three years the IMF anticipates a 3% reduction in the global economy. The importance of teaching our youth and learning financial literacy is becoming more imperative as the costs of living increase.”
Tradeview Markets and Mr. Meyer would like to thank Michael Myles and Inspire Cayman Training for the opportunity to assist in teaching basic financial principles to Caymanian students. Inspire Cayman Training is an on-island organization that provides courses and training to individuals of all ages offering a wide range of curriculum. Their vision is to promote accredited vocational courses in the Cayman Islands accessible by all persons with the goal of reducing the national unemployment. Mr. Michael Myles of Inspire Cayman Training says, “The partnership with Tradeview Markets has been critical to development of our young people. We must begin to expose our youth to the opportunities to learn about investing and money management to ensure they can secure their futures.”
14 Sep, 2021
07 Sep, 2021
15 Sep, 2021